Latest news with #NewIndustrialMasterPlan2030
The Sun
a day ago
- Business
- The Sun
Negeri Sembilan initiatives to attract high-growth investments to propel development
KUALA LUMPUR: Negeri Sembilan will continue efforts to attract more investments, particularly in high-growth areas under the Central Region Industrial Cluster Development Initiative. Menteri Besar Datuk Seri Aminuddin Harun said the state obtained in-principle approval from the National Investment Council on Oct 16, 2024, for Negeri Sembilan, Selangor, Malacca and Kuala Lumpur to establish a distinct industrial cluster identity within the manufacturing sector. He said this initiative seeks to drive targeted investments through interstate collaboration and strategic partnerships. 'The initiative focuses on four key industries in the central region – electrical and electronics, semiconductors, pharmaceuticals and medical devices, food technology and aerospace. 'This effort aligns with the New Industrial Master Plan 2030, which aims to attract more effective foreign and domestic investments into the region,' he told delegates at a luncheon talk themed 'Negeri Sembilan – The Next Smart Frontier' hosted by MBSB Group today. Aminuddin said Negeri Sembilan recorded RM7.25 billion in approved investments in 2024, a significant increase that is expected to create more than 4,600 job opportunities across the state. In 2022, the state's gross domestic product stood at RM50.9 billion, increasing by 1.8% in 2023 to RM51.9 billion, primarily driven by the services sector, which contributed 52.9%, followed by the manufacturing sector at 37.8%. Other sectors that supported Negeri Sembilan's economy included agriculture, construction, and mining and quarrying. Aminuddin said that the main development agenda for Negeri Sembilan is Malaysia Vision Valley 2.0 (MVV 2.0), a long-term, comprehensive growth plan encompassing the districts of Seremban and Port Dickson. He stated that a continuous public-private partnership approach will drive this development to become a key catalyst for the state's progress. 'We aspire to develop MVV 2.0 into a world-class metropolis that is competitive, inclusive, and sustainable. In its early phase, the focus will be on developing industrial areas to attract new investments to Negeri Sembilan. 'The state government will lead the entire development to ensure it stays aligned with the initiatives outlined in the MVV 2.0 Comprehensive Development Plan. 'The project centres around four key economic drivers: high-tech manufacturing, wellness and medical tourism, skills-based education and research, and specialised services. Phase one of MVV 2.0 will span 30 years and cover a development area of 27,000 acres,' he said. The MVV 2.0 development will be carried out in key zones, including a technology park in Nilai (Parcel A), a smart county in Labu (Parcel B), an Integrated industrial hub in Tanah Merah and Bukit Pelanduk, Port Dickson (Parcel C), an integrated maritime hub and waterfront corridor along the Port Dickson coastline (Parcel D), PD Free Zone and AI smart container port in Port Dickson (Parcel E) and the NS Semiconductor Valley in Senawang (Parcel F). In line with the state government's priorities, the first phase of this catalytic development will focus on establishing a high-tech industrial park. This initial project will be developed in Parcel A, Nilai, within the Hamilton Estate area near the Seremban R&R along the North-South Expressway. Construction work for the Hamilton Industrial Park in Parcel A is under way. The overall development of Parcel A, which also includes Labu, New Labu and Kirby estates, will need to be coordinated with the construction of the new Nilai–Labu–Enstek road, which is now in progress and expected to be completed by July 2026. Parcel B, a smart county in Labu, is planned as a major new township in the Seremban district. It will feature residential, commercial, and industrial zones, along with education and innovation hubs – forming a connected, resilient ecosystem that aims to boost quality of life and create inclusive economic opportunities. Parcel C in Port Dickson, an integrated industrial hub, is a key driver of Negeri Sembilan's economic growth, combining high-tech industries with logistics infrastructure. Its strategic location near Kuala Lumpur International Airport and planned direct road links position it as a prime logistics hub for the region. Parcel D, the integrated maritime hub and waterfront corridor in coastal Port Dickson, is set to boost shipping, port and logistics activities. To attract more investment, the state also plans to develop an AI-powered container port in Parcel E in Pasir Panjang, offering a viable alternative to the congested Port Klang. The proposal has received approval from the Ministry of Transport. Meanwhile, Parcel F in Senawang, branded as NS Semiconductor Valley, is capitalising on rising demand in the semiconductor sector. The area is forming a strong high-tech ecosystem and has already drawn interest from major investors, including Samsung SDI Energy Malaysia. 'Under the MVV 2.0 development covering Seremban and Port Dickson, a total of 12 new industrial zones will be developed across 8,423.28 acres. These include the Hamilton Industrial Park and Vision Business Park in Parcels A and B by Sime Darby Property, as well as MVV City – a mixed-use development in Parcel B by Matrix Concepts Holdings Bhd and the Negeri Sembilan State Corporation,' Aminuddin said.
New Straits Times
2 days ago
- Business
- New Straits Times
Tariff, policy risks set to weigh on market in 2H25
KUALA LUMPUR: Market sentiment is expected to remain fragile heading into the second half of the year, as investors brace for a combination of external tariff risks and domestic policy shifts that could weigh on earnings and consumption. In its strategy note, CIMB Securities flagged several looming challenges that may limit upside for equities, despite supportive valuations and ample market liquidity. Chief among them is the scheduled end of the US 90-day tariff reprieve on July 9, which could see the reinstatement of elevated reciprocal tariffs between the world's two largest economies. "This adds another layer of trade friction to an already cautious global backdrop," the firm said. On the local front, investors are anticipating potential adjustments to the RON95 fuel subsidy, a move that could raise transport and logistics costs for businesses, while straining household budgets. CIMB Securities also cited the possible implementation of a higher sales and service tax and an expected increase in electricity tariffs in the second half of 2025. "Together, these measures could contribute to inflationary pressures and squeeze corporate margins," it said. "These headwinds may erode near-term earnings visibility and investor risk appetite, even as Bursa Malaysia trades at an undemanding 12.7 times forward price-to-earnings and offers a 4.2 per cent dividend yield." While acknowledging that policy reforms are necessary for long-term fiscal consolidation and subsidy rationalisation, it said the timing and communication of such measures would be critical to avoid unsettling investors. Still, the firm noted that downside risks may be partially cushioned by strong domestic liquidity and a strengthening ringgit. Additional support could come from long-term structural initiatives such as the National Energy Transition Roadmap, the Johor-Singapore Special Economic Zone, and the New Industrial Master Plan 2030.
The Star
6 days ago
- Business
- The Star
Malaysia aims to be top logistics hub
Putting plans in action: Tengku Zafrul (second from left) at the groundbreaking ceremony of the SCC MY project in Bukit Raja, Klang. — KK SHAM/The Star KLANG: Malaysia is now one step closer to its dream of becoming Asean's premier logistics and trade hub with the groundbreaking of the Supply Chain City Malaysia (SCC MY) project, says Tengku Datuk Seri Zafrul Abdul Aziz. To be built by Singapore-based supply chain and logistics conglomerate YCH Group in partnership with Sime Darby Property, the RM500mil valued project will see the construction of a modern smart logistics facility in Bandar Bukit Raja. The Investment, Trade & Industry Minister (Miti) said SCC MY will include state-of-the-art automation and AI-driven logistics systems, almost never seen before in the country. 'Combined with planned sustainability solutions, this project is set to accelerate industrial transformation through advanced supply chain solutions and logistics innovation. 'This facility will elevate Malaysia's logistics industry to a new level of global competitiveness,' he said in his speech at the project's groundbreaking ceremony here yesterday. Tengku Zafrul also revealed that the project will help train local talent for these automated systems with the integration of Singapore's LEARN ecosystem through collaboration with Singapore's Supply Chain and Logistics Academy (Scala). 'This will ensure our local hired talents are equipped with higher-end skills while future-proofing our supply chain ecosystem,' he said. Tengku Zafrul also said SCC MY is the first project under the New Industrial Master Plan 2030 (NIMP 2030) and is a testament to increasing regional cooperation in Asean. 'This project embodies the spirit of innovation, collaboration and resilience that defines our nation and the region while also being a testament to our commitment to fostering sustainable growth and regional integration. 'The government, through Miti and other relevant agencies, stands ready to support this endeavour and ensure its success,' he added. YCH Group executive chairman Robert Yap said SCC MY would set new standards of logistics excellence in the country. 'We are dedicated to training local talent, empowering them with essential skills to support Malaysia's journey to become a preferred destination for global businesses,' he said. Yap also revealed that the project will integrate sustainable solutions to its operations like renewable energy through the use of solar panels across its entire rooftop of the facility. He added that YCH will also look to invest in local start-ups and help integrate them into SCC MY's planned logistics ecosystem. Sime Darby Property group managing director and chief executive officer Datuk Seri Azmir Merican said the project will strengthen and bring much needed innovation to local supply chain infrastructure. 'YCH brings a strong regional portfolio that will strengthen Bandar Bukit Raja as a strategic point in the regional supply chain network. 'This project is a timely example of much-needed cross-border collaboration, aligning with the region's shared focus on economic integration, sustainable and inclusive growth. 'Through our collaboration, we hope to strengthen trade linkages, support innovation and contribute meaningfully to broader regional priorities,' he said.
Korea Herald
6 days ago
- Business
- Korea Herald
Malaysia Gears Up to Lead Regional Drone Innovation with DronTech Asia 2025 Launch
KUALA LUMPUR, Malaysia, May 30, 2025 /PRNewswire/ -- Malaysia took a significant step forward in positioning itself as a regional drone technology hub with the official launch of DronTech Asia 2025, held today at Ujana Ilmu, MATRADE. The event was officiated by YB Tuan Liew Chin Tong, Deputy Minister of Investment, Trade and Industry (MITI), alongside YBhg Rear Admiral Fadhil bin Abdul Rahman, Director General, Defence Cyber & Electromagnetic Division, Malaysia Armed Forces, representing the Chief of Defence Force Malaysia, NAICO Malaysia CEO Ts. Shamsul Kamar Abu Samah, Aerosea Exhibitions Chairman YBhg Tan Sri Asmat Kamaludin and Director YBhg Datuk Dr M Gandhi. The soft launch showcased Malaysia's commitment to advancing drone technology through collaboration, talent development and strategic policy support in line with the Malaysian Aerospace Industry Blueprint 2030 (MAIB 2030) and New Industrial Master Plan 2030 (NIMP 2030). NAICO Malaysia CEO, Ts. Shamsul Kamar, noted that DronTech Asia 2025 represents a collective ambition to align industry, academia and government in shaping Malaysia's future mobility landscape. The event will serve as a strategic platform for showcasing technological excellence while catalysing cross-border collaboration in areas such as AI-integrated drones, urban air mobility, counter-UAS and regulatory harmonisation. Aerosea Exhibitions Sdn Bhd's Chairman who represents the lead organiser of DronTech Asia 2025 said today "This year's event holds even greater significance as it aligns with Malaysia's ASEAN Chairmanship in 2025. It offers a timely platform to foster regional partnerships and spotlight how drone technology is transforming industries and contributing to ASEAN's digital and economic advancement. The successful inaugural edition in Bangkok last year welcomed 68 exhibitors and 3,482 participants from 41 countries. This year, we're taking it a step further — hosting over 100 participating companies from 15 countries, expecting around 5,000 trade visitors, across 5,500 square metres of exhibition space. I am proud to say that Malaysia is no longer catching up — we are actively setting the pace and establishing ourselves as a serious player in this fast-moving sector." NAICO Malaysia also reaffirms its commitment to talent development, highlighting recent initiatives such as the Pioneer Aerospace Talent Challenge, which featured STEM-based competitions including e-drone racing and aerospace modelling, supported by the Ministry of Youth and Sports and the Ministry of Education. DronTech Asia 2025, set to take place from 30 September to 2 October 2025 at MITEC Kuala Lumpur, will feature exhibitions, high-level forums and regional networking opportunities to accelerate drone adoption, innovation, and investment across ASEAN. National Aerospace Industry Corporation Malaysia (NAICO Malaysia) is an agency under the Malaysian Ministry of Investment, Trade and Industry (MITI), with a mandate to develop and position Malaysia as the preferred aerospace economy in Southeast Asia, and an integral part of the global aerospace value chain by 2030. NAICO Malaysia is guided by the Malaysian Aerospace Industry Blueprint 2030 (MAIB 2030) under Rancangan Malaysia Ke-12. The MAIB 2030 is also supported by the New Industrial Master Plan 2030 (NIMP 2030) to bolster the Malaysian aerospace industry towards achieving MAIB goals by 2030. - END – Aerosea Exhibitions Sdn Bhd is the lead organiser of DronTech Asia 2025. An award-winning leader in business events organisation, Aerosea was recently honoured with the Best New Home-Grown Event Excellence Award 2022/2023 by the Malaysian Association of Convention & Exhibition Organisers & Suppliers (MACEOS) for their exceptional management of CyberDSA 2023, among other leading events in Malaysia.
Yahoo
6 days ago
- Business
- Yahoo
Malaysia Gears Up to Lead Regional Drone Innovation with DronTech Asia 2025 Launch
KUALA LUMPUR, Malaysia, May 30, 2025 /PRNewswire/ -- Malaysia took a significant step forward in positioning itself as a regional drone technology hub with the official launch of DronTech Asia 2025, held today at Ujana Ilmu, MATRADE. The event was officiated by YB Tuan Liew Chin Tong, Deputy Minister of Investment, Trade and Industry (MITI), alongside YBhg Rear Admiral Fadhil bin Abdul Rahman, Director General, Defence Cyber & Electromagnetic Division, Malaysia Armed Forces, representing the Chief of Defence Force Malaysia, NAICO Malaysia CEO Ts. Shamsul Kamar Abu Samah, Aerosea Exhibitions Chairman YBhg Tan Sri Asmat Kamaludin and Director YBhg Datuk Dr M Gandhi. The soft launch showcased Malaysia's commitment to advancing drone technology through collaboration, talent development and strategic policy support in line with the Malaysian Aerospace Industry Blueprint 2030 (MAIB 2030) and New Industrial Master Plan 2030 (NIMP 2030). NAICO Malaysia CEO, Ts. Shamsul Kamar, noted that DronTech Asia 2025 represents a collective ambition to align industry, academia and government in shaping Malaysia's future mobility landscape. The event will serve as a strategic platform for showcasing technological excellence while catalysing cross-border collaboration in areas such as AI-integrated drones, urban air mobility, counter-UAS and regulatory harmonisation. Aerosea Exhibitions Sdn Bhd's Chairman who represents the lead organiser of DronTech Asia 2025 said today "This year's event holds even greater significance as it aligns with Malaysia's ASEAN Chairmanship in 2025. It offers a timely platform to foster regional partnerships and spotlight how drone technology is transforming industries and contributing to ASEAN's digital and economic advancement. The successful inaugural edition in Bangkok last year welcomed 68 exhibitors and 3,482 participants from 41 countries. This year, we're taking it a step further — hosting over 100 participating companies from 15 countries, expecting around 5,000 trade visitors, across 5,500 square metres of exhibition space. I am proud to say that Malaysia is no longer catching up — we are actively setting the pace and establishing ourselves as a serious player in this fast-moving sector." NAICO Malaysia also reaffirms its commitment to talent development, highlighting recent initiatives such as the Pioneer Aerospace Talent Challenge, which featured STEM-based competitions including e-drone racing and aerospace modelling, supported by the Ministry of Youth and Sports and the Ministry of Education. DronTech Asia 2025, set to take place from 30 September to 2 October 2025 at MITEC Kuala Lumpur, will feature exhibitions, high-level forums and regional networking opportunities to accelerate drone adoption, innovation, and investment across ASEAN. National Aerospace Industry Corporation Malaysia (NAICO Malaysia) is an agency under the Malaysian Ministry of Investment, Trade and Industry (MITI), with a mandate to develop and position Malaysia as the preferred aerospace economy in Southeast Asia, and an integral part of the global aerospace value chain by 2030. NAICO Malaysia is guided by the Malaysian Aerospace Industry Blueprint 2030 (MAIB 2030) under Rancangan Malaysia Ke-12. The MAIB 2030 is also supported by the New Industrial Master Plan 2030 (NIMP 2030) to bolster the Malaysian aerospace industry towards achieving MAIB goals by 2030. - END – Aerosea Exhibitions Sdn Bhd is the lead organiser of DronTech Asia 2025. An award-winning leader in business events organisation, Aerosea was recently honoured with the Best New Home-Grown Event Excellence Award 2022/2023 by the Malaysian Association of Convention & Exhibition Organisers & Suppliers (MACEOS) for their exceptional management of CyberDSA 2023, among other leading events in Malaysia. View original content to download multimedia: SOURCE DronTech Asia Sign in to access your portfolio
